Children's Place Q4 Net Drops
The Children's Place saw a fall in both its Q4 and fiscal 2012 bottom line, according to its just-released results. For the quarter, net sales were $509 million, an improvement over the year-ago period's $457 million. Net income, however, was down, to $19 million ($0.80 per diluted share) from the $23 million ($0.93) the children's clothier netted in Q4 2011.
For the full year, the top line was $1.8 billion, compared with the 2011 figure of $1.7 billion. As with the most recent quarter, net profit fell over that span of time, to $63 million ($2.61 per diluted share) for the year against 2011's $74 million ($2.90).
The accounting method for The Children's Place has undergone a shift; the company now tallies inventory using the cost method rather than the retail inventory method. All quarterly and the annual figures above reflect this change.
The article Children's Place Q4 Net Drops originally appeared on Fool.com.Fool contributor Eric Volkman and The Motley Fool have no position in The Children's Place. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.